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Erebus
* Dog in the Sand *
USA
1834 Posts |
 Posted - 07/07/2004 : 13:41:38
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'Cost of Government' Date Is Reached Today
Rising Income Led to Beating 2003 by Day
By Christopher Lee
Washington Post Staff Writer
Wednesday, July 7, 2004; Page A17
A group that favors smaller government will celebrate another kind of independence day today, marking the date by which the average American worker has earned enough money to cover his or her share of the cost of federal, state and local government.
The day was reached 24 hours earlier this year than in 2003, largely because of rising national income, according to a report to be released today by Americans for Tax Reform.
"[W]orking people must toil on average 189 days out of the year just to meet all the costs imposed by government," said the 12-page report compiled by researcher Daniel M. Clifton. "In other words, the cost of government consumes 51.6 percent of national income."....
....The report estimates that the average American worker had to labor 86 days to cover the cost of federal spending, 42.9 days to pay for state and local government spending and 59.6 days to cover the cost of state and federal regulations....
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Happy "Cost of Government" Day!
"When 5000 posts you reach / Look as good you will not, hmmm?"